Attachment
Hi everyone, you all have any idea how reds, determine to sell at the wick? even if it is at supply zone, but how can he confirm that is the good point to sell. I dont think he sell just right after the price touched the supply zone, and i dont think he sell referring to M1 price action. Any idea?
This sounds like it is no way for me to learn by anyone teaching me. All that I can do is look at the price for years until someday i got the feel of entry. :-(
with that attitude ull go nowhere... we learn trhough appliance, and some learn faster than others, some need more time.
look at supply and demand levels right now.
price only turns when there are one side overwhelming the other. how can we tell? harmonics and planets or cyclces dont tell us. those are the possibilities, yet the trigger is price action.
listen to the phrase: price action. it can be very subjective. i can interpret this, but u can interpret that in PA. so its not a one step go happy process buddy.
tahts my words and...
Look at Red's chart and note every mark. There's usually not many marks but enough for you to follow the chart to the left until it is at the same level. Sometimes the reason is beyond the first time the level is reached on the left and it's always good to look at it on different time frames but always zoom in on the small time frames that Red is working with to see the details of the pa he is using to "suspect" reaction.
I sell before the long rally to north, and i thought the momentum up is losing strenght.
I sell because at the supply level there are 3 bear candles in the zone.
Looking at it I thought this would be great PA to confirm it will go south soon. If the 3 bear candle is combined, it looks like bearish engulfing.
Buma, do you mean when entering supply zone, body candle has to be shorter and shorter to show the buying signal is fading away, then only we can consider that as good sell at supply?
first of all they are not losing strength they are closing minor profits.
if they are closing half of positions or 2/3rds or more they would obviously make a bull retracement of a larger one. that is minor my friend and some got trapped in that trap.
u forgot to LOOK at that BIG MOMENTUM CANDLE ON THE LEFT
Thanks buma
i made the same mistake in XAU and got stopped out
next time i will check more precisely
yup buddy
check momentum, and ull find lower risk playign momentum than against it.
take care everyone
here is my chart
I saw reds chart are very clean + it shows demand/supply within the chart.
buma can you help me in getting those indicators which i can use to mark demand/supply in my chart instead of marking them in snagit
I saw default options in MT4 and no way i can make rectangle.
I know i can make them by using some code but that's not dynamic
please help
here is my chart
I saw reds chart are very clean + it shows demand/supply within the chart.
buma can you help me in getting those indicators which i can use to mark demand/supply in my chart instead of marking them in snagit
I saw default options in MT4 and no way i can make rectangle.
I know i can make them by using some code but that's not dynamic
please help
I believe this is what u are trying to do .... On rectangle properties, disable object as background.
Attachment
u think way too static my friend
by the time there is a bear englufing, ,chances are ure half late most of the time. those 3 candles btw are buyers tping and trapping sellers to come in and stops are set above resistance and they get hit many trapped sellers see more momentum up?
its always bout momentum only swing trade a CT when u know momentum is dying AND SWITCHING. momentum resting is not enough confirmation!
why did i sell here? because i know momentum swtiched. momentum was already dying out in the way up and i saw the SWITCH...
